First Financial Corp. - Indiana (THFF)

First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services.

Company profile

Ticker

THFF

Exchange

NASDAQ

Website

www.first-online.bank

CEO

Norman L. Lowery

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Ally Financial • Citizens Financial • Northern Trust • M & T Bank • Popular • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc ...

SEC CIK

0000714562

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

351546989

THFF stock data

1M 1Y 5Y

News

From Benzinga Pro

Raymond James Maintains Outperform on First Financial, Raises Price Target to $50

2 May 22

Raymond James analyst David Long maintains First Financial (NASDAQ:THFF) with a Outperform and raises the price target from $49 to $50.

First Financial: Q1 Earnings Insights

26 Apr 22

First Financial (NASDAQ:THFF) reported its Q1 earnings results on Tuesday, April 26, 2022 at 10:00 AM. Here's what investors need to know about the announcement.

First Financial Q1 EPS $1.67 Up From $0.95 YoY

26 Apr 22

First Financial (NASDAQ:THFF) reported quarterly earnings of $1.67 per share. This is a 75.79 percent increase over earnings of $0.95 per share from the same period last year.

First Financial Corporation Announces Stock Repurchase Plan Of Up To 10% Of Co's Outstanding Stock

21 Apr 22

Benzinga's Top Ratings Upgrades, Downgrades For April 12, 2022

12 Apr 22

Press releases

From Benzinga Pro

First Financial Corporation Declares Semi-Annual Dividend

18 May 22

TERRE HAUTE, Ind., May 18, 2022 (GLOBE NEWSWIRE) -- The directors of First Financial Corporation (NASDAQ:THFF) have declared a semi-annual dividend of 54 cents per share payable on July 1, 2022, to shareholders of

First Financial Corporation Reports First Quarter Results

26 Apr 22

TERRE HAUTE, Ind., April 26, 2022 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced results for the first quarter of 2022. Net income was $20.9 million compared to $12.9 million for the

First Financial Corporation Announces Stock Repurchase Plan

21 Apr 22

TERRE HAUTE, Ind., April 21, 2022 (GLOBE NEWSWIRE) -- First Financial Corporation (NASDAQ:THFF) today announced that its Board of Directors has authorized a stock repurchase program to purchase up to 10% of the

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Top 50 of 308 long holdings End of quarter 31 Mar 22	Value	#Shares	Prev Q	Change %, QoQ
THFF First Financial Corporation	$31.13M	719.51K	741.65K	-3.0
Vanguard Consumer Discretionary	$26.12M	132.45K	115.26K	+14.9
Vanguard S&P 500 Etf	$18.82M	54.42K	42.07K	+29.4
AAPL Apple Inc	$5.86M	33.57K	33.58K	-0.0
MSFT Microsoft Corp	$5.43M	17.62K	17.7K	-0.5
Ishares TR Select Dividend	$3.37M	21.35K	17.37K	+22.9
PG Procter & Gamble Co	$2.4M	15.72K	16.22K	-3.1
ABT Abbott Labs	$2.15M	18.14K	17.79K	+1.9
LLY Lilly Eli & Co	$1.94M	6.76K	6.63K	+1.9
XOM Exxon Mobil Corp	$1.69M	20.48K	20.56K	-0.4
ABBV Abbvie Inc	$1.64M	10.13K	10.26K	-1.3
JPM Jpmorgan Chase & Company	$1.42M	10.4K	9.78K	+6.4
LMT Lockheed Martin Corp	$1.39M	3.15K	2.87K	+9.8
BP P.L.C.	$1.39M	47.2K	47.88K	-1.4
TMO Thermo Fisher Scientific Inc	$1.37M	2.33K	2.27K	+2.4
WCN Waste Connections Inc	$1.36M	9.75K	9.75K	0
V Visa Inc Class a Shares	$1.32M	5.96K	5.39K	+10.6
NKE Nike Inc CL B	$1.3M	9.68K	8.82K	+9.7
AMZN Amazon.com Inc	$1.29M	396	397	-0.3
NVDA Nvidia Corp	$1.22M	4.47K	4.91K	-9.0
HON Honeywell Int'l Inc	$1.2M	6.17K	5.58K	+10.7
QQQ Invesco QQQ Trust Series 1	$1.2M	3.31K	3.41K	-2.8
GOOG Alphabet Inc - CL C	$1.19M	428	433	-1.2
PANW Palo Alto Networks Inc	$1.17M	1.87K	1.77K	+5.5
SBUX Starbucks Corporation	$1.16M	12.72K	11.21K	+13.5
HD Home Depot Inc	$1.15M	3.84K	3.73K	+2.9
CMCSA Comcast Corporation	$1.14M	24.37K	21.62K	+12.7
Vanguard Ftse Developed Markets Etf	$1.05M	21.78K	5.19K	+320.0
FB Meta Platform Inc-class a	$1M	4.51K	3.82K	+18.1
SCHW Charles Schwab Corp	$987K	11.71K	11.93K	-1.9
MDLZ Mondelez International Inc	$984K	15.68K	16.41K	-4.4
KO Coca Cola Co	$957K	15.44K	15.52K	-0.5
MCD Mcdonalds Corp	$941K	3.81K	3.86K	-1.3
LIN Linde PLC	$871K	2.73K	2.54K	+7.3
DCO Duke Energy Corp	$858K	7.68K	7.3K	+5.1
MRK Merck & Co Inc	$852K	10.4K	10.3K	+1.0
BA Boeing Co	$842K	4.4K	3.9K	+12.9
BMY Bristol-myers Squibb Co	$835K	11.44K	11.54K	-0.9
UNP Union Pac Corp	$825K	3.02K	3.02K	0
PFE Pfizer Inc	$791K	15.28K	15.31K	-0.2
INTC Intel Corp	$780K	15.74K	15.84K	-0.6
NEE Nextera Energy Inc	$740K	8.73K	9.29K	-6.0
FPF First Trust Intermediate Dur	$715K	32.52K	27.27K	+19.3
JNJ Johnson & Johnson	$713K	4.02K	4.13K	-2.5
PEP Pepsico Inc	$692K	4.13K	4.15K	-0.5
ALL the Allstate Corporation	$690K	4.98K	9.51K	-47.7
DIA SPDR Dow Jones Industrial Avg Etf Trust	$688K	1.98K	1.98K	0
SYY Sysco Corporation	$670K	8.21K	8.27K	-0.7
PYPL Paypal Holdings Inc	$597K	5.17K	3.46K	+49.4
FNDF Schwab Us DVD Equity Etf	$597K	7.57K	7.9K	-4.2

First Financial Corp. - Indiana holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

4 May 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart THFF financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	598.18M	598.18M	598.18M	598.18M	598.18M	598.18M
Cash burn (monthly)	28.21M	5.72M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	46.79M	9.49M	n/a	n/a	n/a	n/a
Cash remaining	551.39M	588.68M	n/a	n/a	n/a	n/a
Runway (months of cash)	19.5	102.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

THFF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
5 May 22	Susan M Jensen	First Financial Corp Stock	Buy	Acquire P	No	No	44.01	40	1.76K	560
4 Apr 22	Susan M Jensen	First Financial Corp Stock	Buy	Acquire P	No	No	42.72	40	1.71K	520
15 Feb 22	Michael A Carty	First Financial Corp Stock	Buy	Acquire P	No	No	46.16	135	6.23K	273
8 Feb 22	Lowery Norman L	First Financial Corp Stock	Grant	Acquire A	No	No	0	10,062	0	116,919

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

THFF institutional ownership history Ownership history

71.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	139	137	+1.5%
Opened positions	16	19	-15.8%
Closed positions	14	8	+75.0%
Increased positions	52	42	+23.8%
Reduced positions	43	45	-4.4%

13F shares	Current	Prev Q	Change
Total value	474.06M	907.06M	-47.7%
Total shares	8.95M	8.41M	+6.4%
Total puts	13.4K	4.5K	+197.8%
Total calls	1.8K	0	NEW
Total put/call ratio	7.4	Infinity	NaN%

Largest owners	Shares	Value	Change
BLK Blackrock	1.33M	$57.63M	+17.0%
THFF First Financial Corp. - Indiana	719.51K	$31.13M	-3.0%
Vanguard	672.34K	$29.1M	+6.8%
Dimensional Fund Advisors	597.02K	$25.84M	-0.2%
STT State Street	524.2K	$22.69M	+42.4%
Fuller & Thaler Asset Management	330.66K	$14.31M	+0.4%
AMP Ameriprise Financial	329.48K	$14.26M	+2.8%
Stadium Capital Management	284.6K	$12.32M	-45.9%
rhino investment partners	245.7K	$10.63M	NEW
NTRS Northern Trust	232.62K	$10.07M	-3.4%

Largest transactions	Shares	Bought/sold	Change
rhino investment partners	245.7K	+245.7K	NEW
Stadium Capital Management	284.6K	-241.46K	-45.9%
BLK Blackrock	1.33M	+193.28K	+17.0%
STT State Street	524.2K	+156.09K	+42.4%
Acadian Asset Management	184.72K	+57.87K	+45.6%
HoldCo Asset Management	30.8K	-53.8K	-63.6%
Jacobs Levy Equity Management	101.37K	+48.06K	+90.2%
Vanguard	672.34K	+42.85K	+6.8%
Arrowstreet Capital, Limited Partnership	8.33K	-41.59K	-83.3%
Nuveen Asset Management	85.35K	+40.84K	+91.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net income for 2021 was $53.0 million, or $4.02 per share versus $53.8 million, or $3.93 per share for 2020. The decrease in 2021 net income is due to increased expenses from the Hancock acquisition, as well as declining interest rates. Return on average assets at December 31, 2021 decreased 12.00% to 1.10% compared to 1.25% at December 31, 2020.
The primary components of income and expense affecting net income are discussed in the following analysis.
The principal source of the Corporation's earnings is net interest income, which represents the difference between interest earned on loans and investments and the interest cost associated with deposits and other sources of funding. Net interest income decreased in 2021 to $143.4 million compared to $146.3 million in 2020. Total average interest earning assets increased to $4.61 billion in 2021 from $3.71 billion in 2020. The tax-equivalent yield on these assets decreased to 3.39% in 2021 from 4.43% in 2020. Total average interest-bearing liabilities increased to $3.43 billion in 2021 from $2.98 billion in 2020. The average cost of these interest-bearing liabilities decreased to 0.26% in 2021 from 0.47% in 2020.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Bad

New words: acquired, acquisition, arising, chain, deductible, evidence, factor, February, forma, indexed, inflation, Lastly, longer, necessarily, November, persist, pro, qualitative, recalibration, reopening, scorecard, settlement, SOFR, supply, unemployment

Removed: aggressive, allocation, analyze, application, behavior, country, declaration, degree, depend, Dollar, dropped, exceed, foreign, franchise, GAAP, gas, globally, government, governmental, hand, implement, implementation, incurred, intraperiod, job, oil, ownership, partially, permitted, President, remove, serve, shuttering, Simplifying, step, volatility

From filing 10-Q 2022 Q1

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